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What is the price of a share

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Reference no: EM132841213

Question - GameStop issued Preferred Stock with a 6% coupon continuous into perpetuity and $100 par. What is the price of a share if the market rate on similar Preferred Stock shares is 5%?

a. $80.00

b. $100.00

c. $120.00

d. cannot tell without growth rate

Reference no: EM132841213

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